v3.25.2
Quarterly Data (Unaudited)
 12 Months Ended
May 25, 2025
Quarterly Data (Unaudited) [Abstract]  
Quarterly Data (Unaudited)
NOTE 19. QUARTERLY
 
DATA
 
(UNAUDITED)
Summarized quarterly data for fiscal 2025 and fiscal 2024 follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
In Millions, Except Per
 
Share Amounts
2025
2024
2025
2024
2025
2024
2025
2024
Net sales
$
4,848.1
$
4,904.7
$
5,240.1
$
5,139.4
$
4,842.2
$
5,099.2
$
4,556.2
$
4,713.9
Gross margin
1,688.8
1,770.5
1,931.1
1,765.9
1,639.1
1,707.4
1,474.0
1,688.3
Net earnings attributable to
 
General Mills
579.9
673.5
795.7
595.5
625.6
670.1
294.0
557.5
EPS:
Basic
$
1.03
$
1.15
$
1.43
$
1.03
$
1.14
$
1.18
$
0.53
$
0.98
Diluted
$
1.03
$
1.14
$
1.42
$
1.02
$
1.12
$
1.17
$
0.53
$
0.98
In
 
the
 
fourth
 
quarter
 
of
 
fiscal
 
2025,
 
we
 
approved
 
a
 
multi-year
 
global
 
transformation
 
initiative
 
to
 
drive
 
increased
 
productivity
 
by
enhancing
 
end-to-end
 
business
 
processes
 
and
 
recorded
 
$
70.1
 
million
 
of
 
charges.
 
We
 
also
 
recorded
 
$
17.4
 
million
 
of
 
restructuring
charges
 
related to
 
actions previously
 
announced.
 
Additionally,
 
we purchased
 
the outstanding
 
GMC Class
 
A Interests
 
from
 
the third-
party
 
holder
 
for
 
$
252.8
 
million,
 
which
 
reflected
 
an
 
original
 
capital
 
account
 
balance
 
of
 
$
242.3
 
million
 
and
 
$
10.5
 
million
 
primarily
related
 
to
 
capital
 
account
 
appreciation.
 
We
 
also
 
recorded
 
$
16.2
 
million
 
of
 
transaction
 
costs,
 
primarily
 
related
 
to
 
the
 
definitive
agreement to
 
sell our
 
U.S. yogurt
 
business, and
 
$
6.7
 
million of
 
integration costs
 
related to
 
the fiscal
 
2025 acquisition
 
of Whitebridge
Pet Brands and the fiscal 2024 acquisition of a pet food business in Europe.
In
 
the
 
fourth
 
quarter
 
of
 
fiscal
 
2024,
 
we
 
recorded
 
$
103.1
 
million
 
of
 
non-cash
 
impairment
 
charges
 
related
 
to
 
our
Top
 
Chews
,
True
Chews
, and
EPIC
 
brand intangible
 
assets. We
 
also recorded
 
a $
53.2
 
million legal
 
recovery.
 
In addition,
 
we recorded
 
$
13.4
 
million of
transaction costs related to our acquisition of a pet food business in Europe.